XRP/USDT – 1H – SELLThe currency pair Ripple/Tether (XRP/USDT) goes from the bullish trendline down.
A descending movement down to the next support line at 1.065000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.151000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.269800000 |
| 2nd High | 1.186500000 |
| Next High | 1.151000000 |
| Current Price | 1.110900000 |
| Next Low | 1.065000000 |
| 2nd Low | 1.055600000 |
| 3rd Low | 1.031500000 |
Download XRP/USDT Signal Image
Trading Signals: CRYPTO – XRP – XRP/USDT – USDT – Bearish Engulfing